ICC Seminar on Transfer Pricing and Customs Valuation On 13 September 2012 the International Chamber of Commerce (ICC) announced its one-day seminar on transfer pricing and customs valuation, scheduled for 25 October 2012 in Montreal, Canada. This seminar follows the release of an ICC policy statement on transfer pricing and customs valuation on 15 May 2012. WTO Discussion Forum for World Trade Report 2013 The World Trade Organisation (WTO) on 12 September 2012 launched a discussion forum devoted to the 2013 World Trade Report. The report will consider “Perspectives on the Future of World Trade”. The aim of the discussion forum, which is hosted on the WTO website, is to encourage debate on the topic of the 2013 World Trade Report. In the months leading up to publication of the report in July 2013, the WTO will place short articles on this topic on its website. The WTO has invited all interested parties to make their submissions, and to comment on others. Export Permits under TCDA In a Government Gazette dated 14 September 2012 the Department of Agriculture, Forestry and Fisheries published a notice on “Procedures for the Application, Administration and Allocation of Export Permits under the Trade, Development and Co-Operation Agreement between the European Community and the Republic of South Africa”. Tariff Amendments On 14 September 2012 the South African Revenue Service (Sars) announced the following tariff amendments: (i) The amendment of Schedule No 1 Part 1 to the Customs and Excise Act (the Act) ie, Ordinary Customs Duty, to align the descriptions of certain tariff subheadings with the Liquor Product Act; (ii) The amendment of Schedule No 1 Part 1 to the Act to reduce the rate of customs duty for subheadings 8501.61.10, 8501.61.90 and 8501.62 from the respective 5% ad valorem, 10% ad valorem and 10% ad valorem, to free of customs duty; (iii) The amendment of Schedule No 6 to the Act to align the respective descriptions with those in Schedule No 1 Part 2A of the Act, and Schedule No 1 Part 1 as contemplated in the Liquor products Act; and (iv) Correction Notice, relating to Rebate Item 670.02/00.00/01.01 of Schedule No 6 of the Act, published in the Government Gazette of 27 July 2012, which has now been amended to Rebate Item 670.02/00.00/01.00 of Schedule No.6 of the Act. Rule Amendments On 14 September 2012 Sars announced the following amendments to the Rules to the Act: (i) Substitution of Form DA70 – Application to make Provisional Payment; (ii) The amendment to the traveller rules and implementation dates for the Passenger Processing System – Form TC-01 (Traveller Card); and (iii) Amendments to form DA 185 – Application Form: Registration/Licensing of Customs and Excise Clients. Worn Clothing Rebate Item The International Trade Administration Commission of South Africa (Itac) has published its “Guidelines Regarding Applications for Permits in terms of the Provision of Rebate Item 311.18/63.09/01.04 of Schedule No 3 to the Customs and Excise Act”, for comment which is due on October 05, 2012.
